Block Scholes Research

Block Scholes Research

Telegram Expands AI Execution

BTC is consolidating around $76K–$77K after retreating from a twelve-week high, with broader risk sentiment weakening as US equities sold off on renewed concerns over AI-related capital spending.

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Thahbib Rahman, Catherine (Block Scholes), and Tazmina
Apr 29, 2026
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Market Snapshot: Overnight Moves

Daily Updates:

  • After falling from a twelve-week high of $79,500, BTC is now consolidating sideways between $76K and $77K.

  • The drop in spot price has also coincided with a cooldown in the rally of US equities. Yesterday, a selloff in Big Tech dragged down major stock indices as markets once again became concerned over whether the vast spending in artificial intelligence will pay off.

  • The S&P 500 fell from its record high and closed 0.49% lower, while the Nasdaq-100 declined 1.01% after news reports that OpenAI recently missed its own targets for new users and revenue, fueling concern about whether the firm will be able to support its massive spending on data centers.

  • The stocks of companies and partners that recently made business deals with OpenAI all fell in yesterday’s session — for example, shares of Oracle Corp and CoreWeave Inc, which have cloud-computing deals with OpenAI, closed 4.1% and 5.8% lower.

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